Rosenberg Matthew Hamilton grew its position in Electronic Arts Inc. (NASDAQ:EA – Free Report) by 18.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,333 shares of the game software company’s stock after purchasing an additional 212 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Electronic Arts were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Electronic Arts by 3.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock worth $323,000 after acquiring an additional 72 shares during the last quarter. Bank of Jackson Hole Trust increased its stake in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after buying an additional 75 shares during the period. Financial Management Professionals Inc. increased its stake in Electronic Arts by 13.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock worth $102,000 after buying an additional 76 shares during the period. Clarius Group LLC increased its stake in Electronic Arts by 3.6% in the 1st quarter. Clarius Group LLC now owns 2,204 shares of the game software company’s stock worth $319,000 after buying an additional 77 shares during the period. Finally, Conning Inc. increased its stake in Electronic Arts by 4.7% in the 1st quarter. Conning Inc. now owns 1,749 shares of the game software company’s stock worth $253,000 after buying an additional 78 shares during the period. 90.23% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently commented on EA. Bank of America raised their price target on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Baird R W downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. DZ Bank downgraded shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 29th. Robert W. Baird reaffirmed a “neutral” rating and issued a $210.00 price target (up previously from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. Finally, Arete Research set a $192.00 price target on shares of Electronic Arts in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $177.00.
Electronic Arts Stock Up 0.3%
Shares of Electronic Arts stock opened at $200.75 on Thursday. The firm’s 50 day moving average price is $179.50 and its 200-day moving average price is $159.66. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The company has a market cap of $50.23 billion, a P/E ratio of 50.31, a PEG ratio of 3.04 and a beta of 0.77.
Electronic Arts Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s payout ratio is presently 19.05%.
Insider Transactions at Electronic Arts
In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total value of $855,250.00. Following the transaction, the chief executive officer owned 52,393 shares of the company’s stock, valued at $8,961,822.65. The trade was a 8.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $171.69, for a total transaction of $429,225.00. Following the completion of the transaction, the insider directly owned 55,592 shares in the company, valued at approximately $9,544,590.48. The trade was a 4.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,500 shares of company stock worth $7,025,155. 0.24% of the stock is owned by corporate insiders.
Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.
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